AI language translator startup DeepL raises $300M at $2 billion valuation, making it Germany’s most valuable AI company
Nickie Louise
Posted On May 22, 2024
“Inbound is great, but we want to develop a stronger relationship with our customers,” he said. “We’re working hard on developing a better outbound function, because inbound is only going to get you so far. At some point, you have to start solving the problems together with your customers. The company’s transforming quite a bit into this enterprise direction, which is complicated and interesting for a research based company.”
However, what sets DeepL apart is its neural networks’ ability to capture subtle nuances and reproduce them with remarkable accuracy in translations. This superior performance is validated through rigorous blind tests, where professional translators choose the most accurate translations without knowing their source. Impressively, DeepL’s translations are preferred three times more often than those of its competitors.
DeepL’s mission is ambitious yet straightforward: to eliminate language barriers globally and facilitate seamless communication for individuals and businesses alike. Since the launch of DeepL Translator in 2017, the platform has been recognized for producing the highest-quality translations in the world. Its NMT system allows for more precise and natural translations across a broad spectrum of languages, including English, Spanish, French, German, Chinese, and Japanese.
Currently, DeepL supports translations in 32 languages. The company offers a free service for short text translations and a paid subscription model tailored for businesses. DeepL’s business clientele includes over 100,000 paying customers, among them notable names like Deutsche Bahn.
